Glossary search results for "Y" (149)
List of terms in glossary:
Duty levied as a percentage of value of the services or goods being imported, rather than on their weight or the number of units.
Additional duties are taxes on traded goods. The possible types of additional duties are
- EA: Agricultural component
- ADSZ: Additional duties on sugar contents
- ADFM: additional duty on flour contents
- EAR: reduced agricultural component
- ADSZR: reduced additional duty on sugar contents
- ADFMR: reduced additional duty on flour contents
ACP - The African, Caribbean and Pacific Group of States (ACP) is an organisation composed of 79 African, Caribbean and Pacific states, created by the Georgetown Agreement in 1975. All of them, except Cuba, are signatories of the Cotonou Agreement, also known as the "ACP-EC Partnership Agreement". The agreement regulates preferential trading conditions, as well as political, commercial and development relations with the EU.
In December 2019, the ACP's Council of Ministers endorsed a revision of the Georgetown Agreement that will transform the current ACP Group of States into the Organisation of African, Caribbean Pacific States (OACPS).
Suspension of common customs tariff duties for parts, components and other goods intended for incorporation or use in civil aircraft and falling within Chapters 25 to 97 of the Common Customs Tariff (CCT), for which an airworthiness certificate has been issued by a party authorised by aviation authorities in the EU or a non-EU country.
Dumping is exporting at below national market cost to gain market share on the world market. Article VI of the 1994 GATT authorises anti-dumping duties to be levied on dumped goods equal to the difference between their export price and their normal value, if dumping causes injury to producers of competing products in the importing country.
Dumping is exporting at below national market cost to gain market share on the world market. Anti-dumping duties are taxes imposed on imported goods in order to compensate for the difference between their export price and their normal value, if dumping causes injury to producers of competing products in the importing country. Anti-dumping duties are enabled by Article VI of the GATT.
An exporter who has met certain conditions imposed by the customs authorities and who is allowed to make out invoice declarations. The customs authorities can also withdraw approval from exporters who abuse it. The approval procedures depend on national rules.
Customs document used for the export, transit and temporary admission of goods for specific purposes, e.g. for displays, exhibitions and fairs, as professional equipment and as commercial samples.
The AEO concept is based on the Customs-to-Business partnership introduced by the World Customs Organisation (WCO) with a view to ensure supply chain security whilst facilitating customs procedures.
Traders who voluntarily meet a range of criteria work in close cooperation with customs authorities.
This implies that there must always be a relationship between customs and the applicant/AEO.
This relationship must be based on the principles of mutual transparency, correctness, fairness and responsibility.
An agreement between two entities that is legally binding only for these two entities, with benefits typically not shared with others.